FFDI vs. FNDE

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Fundamental Developed International ETF (FFDI) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).

FFDI and FNDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFDI is managed by Fidelity. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013.

Performance

FFDI vs. FNDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Developed International ETF (FFDI) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). The values are adjusted to include any dividend payments, if applicable.

FFDI vs. FNDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFDI Fidelity Fundamental Developed International ETF	-1.62%	26.66%	-2.09%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	5.77%	29.46%	-1.67%

Returns By Period

In the year-to-date period, FFDI achieves a -1.62% return, which is significantly lower than FNDE's 5.77% return.

FFDI

• 1D: 3.70%
• 1M: -7.78%
• YTD: -1.62%
• 6M: -0.36%
• 1Y: 15.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDE

• 1D: -0.31%
• 1M: -4.39%
• YTD: 5.77%
• 6M: 8.85%
• 1Y: 28.73%
• 3Y*: 18.86%
• 5Y*: 9.45%
• 10Y*: 10.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFDI vs. FNDE - Expense Ratio Comparison

FFDI has a 0.55% expense ratio, which is higher than FNDE's 0.39% expense ratio.

FFDI

Fidelity Fundamental Developed International ETF

FNDE

Schwab Fundamental Emerging Markets Large Company Index ETF

Return for Risk

FFDI vs. FNDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFDI

FFDI Risk / Return Rank: 46
FFDI Sharpe Ratio Rank: 44
FFDI Sortino Ratio Rank: 46
FFDI Omega Ratio Rank: 45
FFDI Calmar Ratio Rank: 47
FFDI Martin Ratio Rank: 48

FNDE

FNDE Risk / Return Rank: 81
FNDE Sharpe Ratio Rank: 82
FNDE Sortino Ratio Rank: 82
FNDE Omega Ratio Rank: 83
FNDE Calmar Ratio Rank: 77
FNDE Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFDI vs. FNDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Developed International ETF (FFDI) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FFDI	FNDE	Difference
Sharpe ratio Return per unit of total volatility	0.84	1.62	-0.79
Sortino ratio Return per unit of downside risk	1.30	2.19	-0.89
Omega ratio Gain probability vs. loss probability	1.18	1.33	-0.15
Calmar ratio Return relative to maximum drawdown	1.23	2.12	-0.89
Martin ratio Return relative to average drawdown	4.68	9.45	-4.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFDI vs. FNDE - Sharpe Ratio Comparison

The current FFDI Sharpe Ratio is 0.84, which is lower than the FNDE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FFDI and FNDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FFDI	FNDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	1.62	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.34	+0.55

Correlation

The correlation between FFDI and FNDE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FFDI vs. FNDE - Dividend Comparison

FFDI's dividend yield for the trailing twelve months is around 2.25%, less than FNDE's 3.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFDI Fidelity Fundamental Developed International ETF	2.25%	2.16%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	3.96%	4.19%	4.82%	4.74%	5.59%	4.32%	2.50%	3.47%	2.98%	2.05%	1.65%	2.02%

Drawdowns

FFDI vs. FNDE - Drawdown Comparison

The maximum FFDI drawdown since its inception was -14.39%, smaller than the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for FFDI and FNDE.

Drawdown Indicators

	FFDI	FNDE	Difference
Max Drawdown Largest peak-to-trough decline	-14.39%	-43.55%	+29.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-13.67%	+1.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.93%	—
Current Drawdown Current decline from peak	-8.54%	-6.70%	-1.84%
Average Drawdown Average peak-to-trough decline	-2.09%	-11.84%	+9.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	3.09%	+0.03%

Volatility

FFDI vs. FNDE - Volatility Comparison

Fidelity Fundamental Developed International ETF (FFDI) has a higher volatility of 9.17% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 6.91%. This indicates that FFDI's price experiences larger fluctuations and is considered to be riskier than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFDI	FNDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	6.91%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	11.93%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.94%	17.79%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.09%	16.87%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	19.41%	-1.32%